Premise: Binance IEOs - a lot of coins per project but not many going to the public at IEO launch, sometimes only 6%
Question: how is the Github code of these IEOs?
Fetch.AI github looks like one of the better ones, written in C++ or python, a serious development language. There is enough detail, responses were within hours to requests, and there are zero bugs, 123 lines of code
Gifto last update was Jan 2018, a long time ago, its like a ghost town, with nothing much to show in their github, disappointing.
Bittorrent is doing well price wise, but little to show in their github repository, so not much development. They may have a private repository but should release something. Justin Sun of Tron has taken over the project apparently. Every project needs some kind of updating and fixing of bugs in the computer code. May month last year was active but not much recently. The Tron founder Mr Sun hasn’t done much to add shine to the github.
Celr network, since Bankex, which they took over, they haven’t done much. It’s not their code really but the Bankex code which they took. Only 32 commits so far. But it is working as a platform. All the code is javascript, which is usually simply more to run in web browsers, not for serious application, Which seems odd for a serious piece of software. Nine bugs were detected in their code, which is not too bad but not ideal. They have problems in their code, like denial of service loopholes. Or you could put your own code into their front end to do what you want it to do. This is on their install instructions when you do the build. Javascript and html
Matic, their dev branch is being broken, its coming up red on the build process, coding on top of a broken build. Not good. Commit level detail is not great. Not too bad, two main guys working on their github. Someone from 0x and other projects, like Ethereum. Not many commits, and build is broken so they have work to do. 244 lines of javascript, not much to go on, very little compared to some which have thousands of lines of code. 244 in a sharding solution for Ethereum seems very scant. And Matic has been so shilled, pumped and promoted, on Twitter and elsewhere. They may also have a private repository but they are posting on github too a little. They are surprising in their humble github for such a big hyped coin. What does this mean? It seems doubtful. At least it’s clean code, no bugs.
Harmony looks like a decent repository for the moment, though we need to look deeper at their code, to see if it’s quality. We need to be careful because like in the ICO hustle, here in IEO era, a lot of what is being presented is minimal code and lots of hype. At least Fetch.AI came out decently in their code analysis. Overall though they are leagues away from the class and quality of Ethereum code and github presentation. There is so much detail in Ethereum that it leaves these new IEOs way behind.
We need to be careful of these Binance IEOs, their code is not great or their commit on github. They could be seen as another attempt to push pump and dump schemes to replace the ICO scams of last year. Sometimes all you have is an idea and a lot of hot air. Blocknet as a layer two scaling solution has a much busier and active github than the Binance IEOs like Celr and Matic. Also SingurityNet is much more active that Fetch.AI offering similar solutions.
CZ says he only wants good projects but the code in some of these mentioned above is quite questionable, according to an expert who inspected it. There are other projects moving ahead much faster than the Binance launchpad projects. And the way Binance gives so much of the new tokens to their BNB whales, or those holding most of the BNB Binance coins, is a bit exclusive and elitist, keeping the opportunity amongst the already rich. Only 6% of tokens to the public on initial sale is very low. The Binance exchange and the developers of the token get loads of tokens to flood onto the market, or to dump on smaller investors.
Just some thoughts on the recent projects on the market, opinion only and not investment advice. I still use Binance, though may look elsewhere, and have been lured into the IEO market in search of gains, though recommend bitcoin at this stage as a primary investment. Altcoins are short-lived high risk trades, but Bitcoin is the biggest investment in any portfolio of crypto.
